Posts Tagged ‘limited liability’

Specifics of its agreement with the government reveal BP PLC has not agreed, as is widely reported, to set aside a $20bn escrow fund for the Deepwater Horizon explosion that flooded the Gulf of Mexico with millions of barrels of oil. CNN reported Tuesday morning that University of South Florida researchers are calling the floor of the Gulf “a constellation” oil, based on preliminary observations of images (10:47):

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News and views from around the web posted to the Wonderland Wire:

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The Feds are reporting seepage from the capped BP oil well that exploded three months ago and has gushed tens of millions of barrels of oil into the Gulf of Mexico. The heroic publisher of Washington’s Blog refutes the claim of ‘natural seepage’ from the oil giant’s Newspeak damage controllers, as he rationally predicted they would.

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Kevin Carson’s repsponse to comments on his previous post, “BP Would Be Toast in a Truly Free Market.”

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News and views from around the web posted to the Wonderland Wire:

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Kevin Carson on the government-forced liability cap for the oil industry.

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News and views from around the web posted to the Wonderland Wire:

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Kevin Carson on Lew Rockwell, Jr.’s ridiculous boo-hoo for the plunderers.

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Separate issues display the trickle-up nature of statism.

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Freedomain Radio host Stefan Molyneux on the anatomy of the ‘state enforced unions of the rich’: corporations. (more…)